mpany Worksheet For the month ended 31, March 20A Adjusted Statement of Comprehensive Income Statement of Financial Position Trial Balance Account Titles Debit Credit Debit Credit Debit Credit Cash in Bank 210.000 210.000 Accounts Receivable 60,000 60,000 Prepaid Insurance 12,000 12.000 Unused Medical Supplies 25,000 25,000 Medical Equiment 1.650,000 1.650,000 Accumulated Depreciation 254,000 254,000 Accounts Payable 19,000 19.000 GG. Capital 1.026,500 1,026.500 GG. Drawing 15,000 15,000 Professional Income 950,000 950,000 Insurance Expense 6,000 6,000 10,000 10,000 Medical Supplies Expense Depreciation Expense 165,000 165.000 13,500 13,500 Taxes & Licenses Salaries Expenses 83.000 83.000 2,249,500 2,249,500 277,500 950,000 1,972.00 1,299,500 Total

mpany Worksheet For the month ended 31, March 20A Adjusted Statement of Comprehensive Income Statement of Financial Position Trial Balance Account Titles Debit Credit Debit Credit Debit Credit Cash in Bank 210.000 210.000 Accounts Receivable 60,000 60,000 Prepaid Insurance 12,000 12.000 Unused Medical Supplies 25,000 25,000 Medical Equiment 1.650,000 1.650,000 Accumulated Depreciation 254,000 254,000 Accounts Payable 19,000 19.000 GG. Capital 1.026,500 1,026.500 GG. Drawing 15,000 15,000 Professional Income 950,000 950,000 Insurance Expense 6,000 6,000 10,000 10,000 Medical Supplies Expense Depreciation Expense 165,000 165.000 13,500 13,500 Taxes & Licenses Salaries Expenses 83.000 83.000 2,249,500 2,249,500 277,500 950,000 1,972.00 1,299,500 Total

Name: 1. Prepare a statement of Comprehensive Income for the month ended 31
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Description: 1. Prepare a statement of Comprehensive Income for the month ended 31 March 20A.2. Prepare Statement of Financial Position as of 31 March 20A. GG, CompanyWorksheetFor the month ended 31, March 20AAdjustedStatement ofComprehensiveStatement ofFinancial

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Income Statement Smythe & Sedgwick Company Name: Smythe & Sedgwick Year Ending 12/31/20XX Trial Balance Account Type Debit Credit Cash $2,150,000 Accounts Receivable $250,000 Allowance for Doubtful Accounts $50,000 Inventory Prepaid Insurance $125,000 $15,000 $300,000 Investments Property, Plant & Equipment Accumulated Depreciation $3,000,000 $250,000 $150,000 Goodwill Accounts Payable Accrued Liabilities Notes Payable (short-term) Bonds Payable Premium on Bonds Payable Common Stock Additional Paid In Capital - Common Stock $30,000 $40,000 $130,000 $200,000 $20,000 $2,500,000 $10,000 Preferred Stock $30,000 Additional Paid In Capital - Preferred Stock Retained Earnings Treasury Stock $15,000 $195,000 $45,000 Sales $5,500,000 Sales Discounts $10,000 Interest Revenue $10,000 Gain on Sale of Equipment Cost of Goods Sold Salary Expense Depreciation Expense Bad Debt Expense Loss on Sale of Land Interest Expense $70,000 $3,000,000 $50,000 $25,000 $15,000 $30,000 $20,000 Total $9,050,000…
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